\raisebox{-2.2mm}[0mm][0mm]{Low bid (Million)}&       2,882&\raisebox{-2.2mm}[0mm][0mm]{ 9,382 }&       3,546&\raisebox{-2.2mm}[0mm][0mm]{ 4,038 }&       2,380&\raisebox{-2.2mm}[0mm][0mm]{ 5,344 }\\
                    &     (7,745)&            &    (10,182)&            &     (5,139)&            \\
\raisebox{-2.2mm}[0mm][0mm]{\# Bids}&       7.298&\raisebox{-2.2mm}[0mm][0mm]{ 9,414 }&       7.705&\raisebox{-2.2mm}[0mm][0mm]{ 4,006 }&       6.997&\raisebox{-2.2mm}[0mm][0mm]{ 5,408 }\\
                    &     (5.083)&            &     (5.087)&            &     (5.060)&            \\
\raisebox{-2.2mm}[0mm][0mm]{Reserve (Million)}&       3,393&\raisebox{-2.2mm}[0mm][0mm]{ 9,502 }&       4,317&\raisebox{-2.2mm}[0mm][0mm]{ 4,099 }&       2,692&\raisebox{-2.2mm}[0mm][0mm]{ 5,403 }\\
                    &    (11,892)&            &    (16,883)&            &     (5,599)&            \\
\raisebox{-2.2mm}[0mm][0mm]{Low Bid / Reserve}&       0.844&\raisebox{-2.2mm}[0mm][0mm]{ 9,382 }&       0.810&\raisebox{-2.2mm}[0mm][0mm]{ 4,038 }&       0.870&\raisebox{-2.2mm}[0mm][0mm]{ 5,344 }\\
                    &     (0.286)&            &     (0.166)&            &     (0.347)&            \\
\hline\\[-2mm] &\multicolumn{6}{c}{By Bidders}\\[1mm]&&&Mean&Obs.\\[1mm]\hline
\raisebox{-2.2mm}[0mm][0mm]{\# Participation}&&&\multicolumn{1}{c}{ 11.888 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 28,077 }}\\
                    &&&\multicolumn{1}{c}{ (28.52) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{\# Winning}&&&\multicolumn{1}{c}{ 0.338 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 28,077 }}\\
                    &&&\multicolumn{1}{c}{ (1.23) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{30-Day Backlog}&&&\multicolumn{1}{c}{ 49.589 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (493.90) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{60-Day Backlog}&&&\multicolumn{1}{c}{ 73.710 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (758.87) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{90-Day Backlog}&&&\multicolumn{1}{c}{ 87.354 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (954.19) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{120-Day Backlog}&&&\multicolumn{1}{c}{ 98.746 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (1,126.25) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{30-Day Log Backlog}&&&\multicolumn{1}{c}{ 0.306 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (1.52) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{60-Day Log Backlog}&&&\multicolumn{1}{c}{ 0.418 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (1.88) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{90-Day Log Backlog}&&&\multicolumn{1}{c}{ 0.477 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (2.04) }&            \\
\raisebox{-2.2mm}[0mm][0mm]{120-Day Log Backlog}&&&\multicolumn{1}{c}{ 0.532 }&\multicolumn{1}{c}{\raisebox{-2.2mm}[0mm][0mm]{ 22,664 }}\\
                    &&&\multicolumn{1}{c}{ (2.21) }&            \\
